CIBC Asset Management Inc bought a new stake in shares of ABM Industries, Inc. (NYSE:ABM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,019 shares of the business services provider’s stock, valued at approximately $265,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Boston Partners increased its holdings in ABM Industries by 6.5% in the 4th quarter. Boston Partners now owns 698,594 shares of the business services provider’s stock worth $26,351,000 after acquiring an additional 42,631 shares during the last quarter. Baker Ellis Asset Management LLC increased its holdings in ABM Industries by 13.6% in the 4th quarter. Baker Ellis Asset Management LLC now owns 16,875 shares of the business services provider’s stock worth $637,000 after acquiring an additional 2,025 shares during the last quarter. Reilly Financial Advisors LLC increased its holdings in ABM Industries by 9.1% in the 4th quarter. Reilly Financial Advisors LLC now owns 35,135 shares of the business services provider’s stock worth $1,325,000 after acquiring an additional 2,945 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in ABM Industries by 17.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,448,550 shares of the business services provider’s stock worth $54,639,000 after acquiring an additional 212,775 shares during the last quarter. Finally, Legato Capital Management LLC increased its holdings in ABM Industries by 59.6% in the 4th quarter. Legato Capital Management LLC now owns 12,222 shares of the business services provider’s stock worth $461,000 after acquiring an additional 4,563 shares during the last quarter. 95.02% of the stock is owned by institutional investors.
In other ABM Industries news, Director Linda Chavez sold 2,103 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $38.89, for a total value of $81,785.67. Following the completion of the transaction, the director now owns 16,557 shares in the company, valued at approximately $643,901.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
Shares of ABM Industries, Inc. (NYSE ABM) opened at $36.32 on Thursday. ABM Industries, Inc. has a twelve month low of $33.70 and a twelve month high of $45.12. The firm has a market capitalization of $2,313.63, a PE ratio of 518.93 and a beta of 0.73. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.84.
ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, December 13th. The business services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.12). ABM Industries had a return on equity of 9.74% and a net margin of 0.07%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business posted $0.51 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. analysts forecast that ABM Industries, Inc. will post 2.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Thursday, January 4th were paid a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.70 annualized dividend and a yield of 1.93%. This is an increase from ABM Industries’s previous quarterly dividend of $0.17. ABM Industries’s dividend payout ratio (DPR) is currently 1,000.14%.
Several equities research analysts recently weighed in on the company. TheStreet lowered ABM Industries from a “b” rating to a “c+” rating in a report on Friday, December 29th. Zacks Investment Research raised ABM Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $47.50.
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ABM Industries Company Profile
ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.
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